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Search Results 0 to 49 of about 596 (some duplicates have been removed)
of the "wall street journal," economy grows at 2% pace. consumers, government spending, powered third-quarter gains, but growth likely to slow down. and that's what we want to talk to you about for the first 45 minutes of this edition of the "washington journal." good morning. today is saturday, october 27. we want to talk to you about your optimism or pessimism about the economy. things getting better? things getting worse? are you doing all right? could you be doing better? we want to talk to you about the economy, your optimism, and your pessimism in terms of your personal economy and not necessarily how you feel the candidates will do, what they might do for the economy once they get elected. 202-585-3881 for republicans. for democrats, 202-585-3880. for independents, 202-585-3882. and you can also reach out to us via social media. the address on twitter, @spanwj. facebook.com/cspan. and email, journal@c-span.org. more from the article this morning from the "wall street journal," economy grows at 2% pace. josh mitchell and refugee write -- -- and jeffrey write -- host: we'll take
begin with the qstion that haunts our time -- why in a nation as rich as america, has the economy stopped working for people at-large even as those at the top enjoy massive rewards? the struggle of ordinary people for a decent living, for security, is as old as the republic, but it's taken on a new and urgent edge. instead of shared prosperity, our political system has now produced a winner-take-all economy. >> how ch is enough, gordon. >> hollywood saw it coming.ho >> the richest 1% of this country owns half of our country's wealth -- $5 trillion. one-third of that comes from hard work, two-thirds cmes frome inheritance. interest interest accumulating to widows' idiot sons. andre what i do -- stock the re estate speculation. it's [ bleep ] >> you got 90% of the american people have little or noet worth. i create nothing -- i own.o we make the rules, pal. the news, war, peace, famine, upheaval -- the price of a paper clips. we pull the rabb out of the hat while everybody else sits there wondering how in the [ bleep ] we did it. now, you're not my ev enough to think we're living a
making closing arguments on an issue that's been front and center throughout the campaign. did an economy in need of a spark find one in october? u.s. employers across nearly all sectors were hiring, for a net gain of 171,000 new jobs. the labor department also revised its august and september figures higher, by 84,000. all told, it signaled slow but steady growth, and it was news that president obama wanted to play up in the campaign's final weekend, especially in one critical state. >> "oh (io), oh (io)" >> brown: the president made three stops in the buckeye state, starting in hilliard, just outside columbus. >> in 2008, we were in the middle of two wars and the worst economic crisis since the great depression. and today, our businesses have created nearly five and a half million new jobs. and this morning, we learned that companies hired more workers in october than at any time in the last eight months. ( applause ) >> brown: and the trend line seemed promising, as well. since july, the economy has added an average of 173,000 jobs per month, up from just 67,000 a month in the spring.
of japan steps in to boost the economy for a second straight month with another easing move. welcome back, everybody. one hour of the good stuff today. plenty to get through today for hurricane sandy, as well. >> europe went off daylight savings time a week ahead of the u.s. back to full schedule next week. in the meantime, sandy is no longer a hurricane by name, but still making a major impact. storm made landfall monday night along new jersey east koer. still packing hurricane force sandy is expected to weaken, but the rain could linger. already at least ten deaths have been blamed on the storm. u.s. markets will be closed for a second day today. still electronic trading. the last time by the way the new york stock exchange was closed for more than a day because of weather, 1888. when a snowstorm piled up to 40-foot drifts. u.s. refineries had to shut nearly all the east coast fuel supplies ahead of sandy and they'll begin assessing damage today. three of the key six refineries shut down. analysts estimate sandy could cost between $5 billion and $10 billion in ensured losses. it would b
, that it's actually a boost to the economy. is that going to be true in this case? >> well, no. this is a natural disaster. disasters are bad for the economy. obviously, the big hit to the economy initially, is what we're seing in new york. you do get rebuilding, and economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses are going to benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well, there's more losers than winners. the losers would be the restaurants, they're not going to serve meals that aren't getting served. airlines, trucking companies, you know, the casinos fnlt fshs services. the secretaried to and trading is shutownor a couple of days, never get that back. the winners are clear. the homebuilders, home improvement, you mentioned home depot and loews and hardware stores. online retailers might benefit because department stores are closed. so some winn
the economy added 171,000 jobs last month. the unemployment rate ticked up to 7.9%. here's what president obama said about these numbers this morning in ohio. >> today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> i want to talk about the economics and the politics of the report with our chief business correspondent ali velshi and john avalon. they're in ohio talking to the voters. ali, let's start with you since you have an economics, numbers guy here. >> yeah. >> we looked at this, and the economy stated by cnn money, they were twpg 125,000 jobs, so this number was higher at 171,000. so you have figures in august and september, also higher than we thought. what do we say about the overall growth and the health of the economy and the recovery? >> you and i talked about this before. i like the jobs creation or job loss numbers. the establishment survey more than i like the unemployment number. by the way, i feel the same way about it when it's low and when it's
their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new ai for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more on jobs in a moment. as for stocks, the dow gained 136 points, the nasdaq was up 42, the s&p adding 15. >> susie: but economists say that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey and new york city here's an update: fr and a ha mlion pple are still without power, and it could take another ten days before power is restored. limited flights have resumed at all of the airports in the new york area. public schools are still closed in the city, as well as many schools in new jersey. and
on the president and how he's doing on the economy. 45 percent are approving of the job is doing. 52 percent are not. i should say that approval rating has edged up. this could be, perhaps, the more distressing news for at least mitt romney. he still leads among independent voters by 7 percent, but that has gone down from 12% that he enjoyed a little more than a couple weeks ago. you can extrapolate all you will from these polls. doesn't mean that the trend is the residence friend again, six days to go, it's anyone's guess. the romney folks still feel the momentum is there. in the sunshine state particularly. >> hi. on the subject of disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education,
morning. i think the reality is that there is still going to be a lot that is lost from this economy. initial estimates right now are 30, 40, some as high as $50 billion that could be lost as a result of all of this storm activity. however, and this is what you're referring to. some economists are saying, well, you might see a pick up in building activity and homes need to be rebuilt and construction projects need to resume and, thus, you could see another $30 billion potential in construction that happens after the fact. nonetheless, as you point out, you're left with all those economic costs in the immediate term. all those waitresses not waiting tables right now are not making tips. the movie theater that was closed in new york taking in, as you point out, $3,000 in revenue. that stuff has a snowballing effect. what it does, victor, it creates an immediately slow down in the economy that hopefully, at some point, starts to turn around. but those losses are very real and they take time to dig out from under. as far as the construction goes, yes, we will probably see more constructi
. big, big hit to the economy. >> paul, thank you so much. i know you're going to be with us for the next few days as we continue to work through hurricane sandy. thank you, paul. >>> all right. tyler, over to you. >> thank you, sue. hurricane sandy of course bearing down, point pleasant, new jersey. some utilities bracing for the worse. we just talk a little bit about that. warning customers that they could be out of power for a week, ten days, maybe more. what kind of damage are we talking about here and will some utilities perform better than others. greg gordon is senior managing director at isi group. mr. gordon, welcome, good to see you. can any utility that will be affected by this storm be described as a potential winner? >> no. look, these companies are regulated. they are -- they make fixed rates of return on the infrastructure and their job is to provide service. when you have a natural disaster of this proportion, their job is to restore that service as quickly as possible. i've been on the phone and talking to ceos of a bunch of companies since yesterday morning.
we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let'
on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td amer
the economy around saying the president has failed to meet the challenge fay can the united states. >> the difference between us, he makes promises and he couldn't keep. i'm making promises i have kept and i will keep them for the american people. [ cheers and applause ] >> reporter: president obama meantime, continuing down the path you can't trust governor romney. that he is misleading american people, imploring to give him another four years to get the economy on track. now is not the time to be changing horses. >> after four years of president you know me. you may not agree with every decision i have made. maybe you are frustrated about the pace of change but you know what i believe. you know where i stand. you know i tell the truth and you know i'll fight for you your families every single day. >> reporter: part of what the president said feeds into the narrative that governor romney is creating here. that he is a nice guy and means well but he doesn't put a take to get things done. something that happened yesterday, in springfield, ohio when president obama said thiskr romney
will come back on. the cost to the economy is estimated to be in the tens of billions of dollars. ouret's talk to correspondent who is in new york. i think they had all sorts of analyses. it was even worse than what they thought. >> i think the worst fears were confirmed last night when the storm came in all across manhattan playing havoc with public transport systems. floods have leave to many residents stranded. we have also seen some pretty devastating pictures of fires. this is in the borough of queens in new york state. this fire we believe destroying at least 50 homes caused by the power short circuits that have really taken hold and damaged so many buildings. just one of the big problems that the authorities here are dealing with. floods taking control of seven of the subway tunnels connecting manhattan to neighboring boroughs. they are not entirely flooded. the tunnel that connects manhattan to other parts also flooded and many of the road in and around lower manhattan are now completely under water which has an effect on the power. many of the power lines have been affected. wa
power. including around 650,000 in new york city alone. and costs to the country's economy estimated between $10 billion and $20 billion and growing. we're going to talk about the political, economic and environment implications of hurricane sandy for the next two hours, including how this natural disaster has linked this year's prominent foes, president obama andries and chris christie. both told reporters that they were determined to repair and rebuild the damage even as they praised each other's forms the crisis. >> the things we need to do is to make sure power restored as quickly as possible. make sure people have clean drinking water hospitals are taken care of the way we need to, and kids are back to school. i'm please to report that the president has sprung into action immediately to help us get us those things while we were in the car riding together. i appreciate that. he has worked extremely closely with me since the storm hit. this is our sixth conversation oversince the weekend. i cannot thank the president enough for his personal concern and compassion for our state and
. this is a critical time. the president was a president who took office with the economy as the number one challenge and he has high are unemployment today than when he took office. think of that. the president of the united states presides over a nation under his leadership where unemployment is higher than the day he took office. he said he would save social security and medicare because they were headed to insolvency. instead, he made no effort to save either and he took $716 billion from medicare to pay for obamacare. and he said he was going do lower the cost of your health insurance by $2,500 a family by now. instead it has gone up by $3,000 a family. gasoline prices are also up by $2,000 a family. of course, he said he would work across the aisle on the most important issues america faces. the last time the president met with either the republican leader of the house or the republican leader of the senate to talk about jobs or the economy offer the deficit was in july. this is a budget who -- president who has promise add lot of things whose record is different. rather than building the bridg
today. some of it supposed to have come out earlier in the week, was delayed. shows an economy building momentum. that is at least until sandy came. steve leisman here. steve, is sandy going to slam the brakes on this slightly upward arc we're seeing in the economy? >> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. claims a little bit better than expected. ism above expectations also. construction spending powered by residential spending. government spending was tailing off there. consumer sentiment missed, but that was better than it was in the prior month. take a look at the ism manufacturing index in detail. we had this swoon, june, july, august, now it's popped back up above 50 for two months in a row. early to call a trend
already struggling economy? storm the cost about $20 billion in damage. some predict 30 billion. in last business activity for more joining me now maryland economist, peter morici. welcome back, you had a number i saw nowhere else in estimates total costs, of this storm, you said 35 to 45 billion-dollars, how do you get there? >> we will have about 20 million in property loss. initial estimates are 5 to 10, for irene they were 7, but irene was closer to 20, i think they will be as bad. but now, look at all stores that are closed, flights that have not gone out, hotels and businesses onshore and new york city that are down for 4 days, that is a loss of income. that is 20 billion that gets me to 40. gerri: wow, okay that makes sense. people underestimate the costs. i read new york city alone is an economy with $4 billion that pumps out $ 4 billion every day, times 5 is $20 billion, not just damage you repair. it is also the loss of productivity, workdays, loss payroll, it could be far more devastating than we've been talking babout, you also said, in short term painful but longer term we g
the biggest headlines affecting the energy industry and their impact on the economy. first up, crude prices rose on their first day of trading since superstorm sandy renewed demand and helped drive prices up more than half a percent, settling at 86.24 a barrel. good news for nine major oil refineries on the east coast, assessments found they avoided serious damage. seven are working back towards normal operations. meanwhile short-term supply worries pushed up gasoline futures prices. they settled up more than 1% on the day. >>> president obama banging the drum on the rich paying their fair share on taxes. he has less than a week to sell the message. we're breaking down the facts. >>> plus, mayor michael bloomberg tells president obama, i think we don't need you to visit new york city, thanks very much. i think that makes it a lot of sense. one of the people on the show says it is a major slight and he is coming here to disagree with me. more coming up. ♪ . melissa: so it is the final stretch to six days till the election and the tax debate is getting even louder. the major battle cry from
and was importance to the city's economy added $370 million for runners and race fans. but proceeding to new york city boroughs sunday when many of them have been declared disaster areas, homes destroyed, boardwalks missing, residents without food, power or water was a repulsive idea to some. >> no one else has been here. i have not heard from fema, the coast guard, no one. it is startling. >> very angry and fed up. what are we, is this america? i don't know. i don't know. i don't like it. we are going downhill. >> i came here four or five years ago, expected we came here for a better life, opportunity, and this is what we come from. this is ridiculous. not how its supposed to be. gerri: it wasn't just residents. take a look at the front page of "the new york post." an abuse of power, there were two generators being used for the marathon to power the media tent. a third backup generator that wasn't being used. for more on this, joined by adam shapiro in staten island where he has been reporting all day long, and editor-in-chief of runner's world which follows all of this. i will start with you, w
thanksgiving when winds. and then the market will get back to trying to figure out what is the economy, what will earnings do. from current levels i think we have some decent upside next year. lori: department stores, application software, given the hurricane and the aftermath you heard home depot, are you changing some strategies? given that disaster? >> our investors, given with the retail investors in it for the longer haul. the home-improvement retailers, they have really done well, and things are selling right now. plywood, tarps, all those things are low margin items and while they have seen a jump since sandy hit in the market has reopened, i don't know how much they're really going to get out of sandy, but they will get more out of a continuation of the economic recovery so if you are in those we want you to stay in those, but we are not trying to get our investors in and out of stocks quickly based on the aftermath of the hurricane. lori: until your talking but the treasuries, are you taking up the space, we'd advise equities? >> even though the market is pretty close, the year-end
's needed to run their businesses, something we talked a lot about. the economy has seen more focus on the consumer rebound than on a business rebound. one wonders when and if business were to get in the game those numbers would even be better. >> that could all change in five days with the election next tuesday. long-term unemployed, 14,600. marginal relief on that front. in terms of the long-term unemployment out of work for a year or more 3.57 million. a year ago 4.boy 1 million. so even those people who have been out of work for a very long time starting to get some nibbles. at least that's what it appears. more reaction to the numbers from dean mackey joining us from barclay's. good morning to you. >> good morning. >> any hair on the numbers, so to speak, as far as you can tell? >> i think this was a followed report when you look at the broad categories of job growth, when you look at the participation rate rise. the only underlying softness was in ourly earnings, but that really doesn't change the sfoer of where we've been. boug bottom line, the labor market has picked up some
>> what did you learn? >> the economy is improving. i learned parade has 88 million subscribers and i listened to eric smith on the way in. >> thanks to you all and for the morning joe team great work this week as every week. you guys ar maizing. thank you so much. all right. it's way too early. mark halperin, what time is it? >> stay tuned for "chuck today and the daily rundown." >>> a better than expected jobs report just days before the country decides who will be the next president. 171,000 jobs added in the month of october and revised reports add another 84,000. the initial reaction is positive. does it move any votes? 88 hours in ohio. that is what the next few days will feel like. president obama and governor romney are in the buckeye state as if the whole race may depend on it. guess what? it probably does. we'll go live to the site of the president's event this morning near columbus. there are more than just two guys running for office. house republicans could actually pick up a few seats on tuesday. we'll talk to the gop's man in charge of holding on to the house and
for the president? >> i think if you look at all the economic indicators and where we've seen the economy move over the last three years, especially given what the president inherited in 2009, americans should feel good about the direction we're going in. we've had 33 straight months of new private sector jobs added. second month under 8% for unemployment. we still have work to do. that's what's so important about this election. we need to stick with president, show up and vote for the president so we can keep the policies moving forward that have gotten us headed back the right direction. and not go backwards to the economic policies of the past, the ones that mitt romney is advocating for where you have a trickle down economic attitude. that's exactly what got us into this mess in the first place. we feel good about the report on friday. we know there's a on the more to do. and the president is going to keep working until every american who wants a job can get a job. but we feel like the economy is a good issue for us and the president is proud of his record. >> brent colburn, hope you get some s
Search Results 0 to 49 of about 596 (some duplicates have been removed)

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